when you start to see those bull market sectors, not to mention technology sell off, i think you just want to become a little bit more cautious. not bearish. defensive, cautious. >> yeah, you say portfolio managers are doing window dressing right now, jeff. >> they are. you can see some of it. i think it's absolutely refle reflective of what abigail just said. there's a tendency to get away from the cyclical stuff, to go towards the defensive stocks. i'm watching the vix levels here. i think there's a lot of complacency in the market, which is very dangerous. we've seen the market get to this low end. it's almost always been resulted in bad things, sell off time. again, we have all these risks coming up that i think are going to make investing a very difficult road. i would watch the volume levels. i think you're going to see people heading for the exits. >> all right. we'll leave it there. thank you very much. we appreciate it. >>> sandy shutting down businesses throughout the northeast. how is that impacting the restaurant industry supply chain? howard schultz will be joining me nex